Socio-economic issues

The lack of access to economic resources can lead to people being caught in a cycle of poverty. It is very difficult to break out of the cycle of poverty and increase standard of living

This means that they were unable to access education and job opportunities where reading and writing was required. Depending on their needs, businesses may be required to employ people even though they do not have the ability to read and write.

______ such as the falsification of financial information, money laundering and tax crimes, is a financial loss for the business.

If a business is unable to access, for whatever reason, the raw materials that are the inputs of production, this will have a negative impact on the productivity and operations of the business.

_______ can cost businesses large amounts of money, as consumers knowingly or unknowingly buy the pirated or counterfeit goods at a cheaper price.

_____ is the rate at which the value of a country's currency is falling.

Each year, the South African government issues a list of occupations where employers are unable to find suitably skilled or qualified candidates to employ.

Local producers may not be able to compete with the cheaper prices. This will result in the loss of sales, turnover and profit.

Corruption and mismanagement of funds may result in bad publicity and the loss of customers and / or potential investors.